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  5. Timken Acquires Interlube Systems

M&A Deal Summary

Timken Acquires Interlube Systems

On March 13, 2013, Timken acquired manufacturer Interlube Systems from NVM Private Equity

Acquisition Highlights
  • This is Timken’s 5th transaction in the Manufacturing sector.
  • This is Timken’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2013-03-13
Target Interlube Systems
Sector Manufacturing
Buyer(s) Timken
Sellers(s) NVM Private Equity
Deal Type Add-on Acquisition

Target

Interlube Systems

Plymouth Devon, United Kingdom
Interlube Systems Ltd. is recognized for its quality, reliable service and workmanship in designing, manufacturing and installing lubrication delivery systems and components as well as installation services. Based in Plymouth, U.K., Interlube provides lubrication delivery solutions to commercial vehicle, mining, construction, manufacturing and other heavy industrial customers.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.6B USD (2024)
DESCRIPTION
Timken's corporate headquarters in North Canton, Ohio.
Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

DEAL STATS #
Overall 14 of 40
Sector: Manufacturing M&A 5 of 18
Type: Add-on Acquisition M&A Deals 14 of 35
Country: United Kingdom M&A 1 of 2
Year: 2013 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Wazee Electric

Denver, Colorado, United States

Wazee Electric is a provider of motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 Smith Services

Princeton, West Virginia, United States

Smith Services, Inc. is a regionally focused provider of electric motor rewind and repair. The company operates from an 180,000 square foot facility. Smith repairs and rewinds electric motors in the 200 to 3,500 horsepower range and conducts on-site diagnostic assessments and repairs. Smith Services also performs other mechanical equipment repairs, primarily relating to pumps, fan and blowers.

Buy -

Seller(S) 1

SELLER

NVM Private Equity

Newcastle Upon Tyne, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.

DEAL STATS #
Overall 9 of 37
Sector: Manufacturing M&A 1 of 4
Type: Add-on Acquisition M&A Deals 6 of 17
Country: United Kingdom M&A 9 of 37
Year: 2013 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 intuitive

Croydon, United Kingdom

intuitive is a provider of software and related services to the travel industry. intuitive was founded in 2003 and is based in Croydon, United Kingdom.

Buy £7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 IG Doors

Torfaen, United Kingdom

Manufacture of steel and GRP composite doors.

Sell -
Mergr

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